Stock Market & Financial Investment News

VMware shares should be bought on weakness, says OppenheimerAfter VMWare provided weaker than expected FY13 guidance and announced a realignment plan, Oppenheimer still believes the company's revenue and EPS can grow this year. The firm reduced its price target on the shares to $100 from $110 but reiterates an Outperform rating.

FBR keeps Outperform on EMC after report says no spin-offFBR Capital maintains an Outperform rating on shares of EMC (EMC) after Reuters reported Friday that the company's management has deciding against spinning off its stake in VMware (VMW). FBR says that while the news is disappointing, it is not surprising. It also thinks the report could be a near-term positive for VMware, since it could remove the spin-off uncertainty. FBR notes EMC is having an analyst day on March 10.

VMware large DoD contract likely to be delayed, says NomuraNomura said competitors have protested VMware's large Defense Information Systems Agency $1.6B over 5-year contract expected to have been awarded to the company by the end of March. The firm expects a delay in the ward and for the scope of the contract to be modified. Nomura said its unclear how much of the contract is incremental business vs. renewals and weather renewals will be delayed. Shares of VMware are Neutral rated with a $95 price target.

VMware to hold a conference call with JefferiesJefferies Analyst John DiFucci co-hosts a conference call to discuss the VMware vSphere 6 and VMware Integrated OpenStack (VIO) on February 19 at 12 pm. Webcast Link